World stocks drop as Italy debt woes brew

World stock markets fell Tuesday amid simmering concerns over whether Italy would ever grow robustly enough to repay its massive debts.
Benchmark crude hovered above $98 […]

Ameren said to reduce role in FutureGen project

The leading U.S. effort to capture carbon dioxide from coal plants has hit a stumbling block that could imperil the project and set back a […]

Companies post profits but investors still worry

Investors who doubted U.S. companies could make big money in a weak economy have been proved wrong again.
Before companies started reporting earnings two weeks ago, […]

Groupon loses a bit of its sizzle as IPO looms

Only a few months ago, Groupon was the Internet’s next great thing. Business media christened it the fastest growing company ever need a personal loan […]

Lennar 3Q profit drops 31 pct, meets Street view

Lennar Corp.’s fiscal third-quarter profit dropped 31 percent as the company delivered fewer homes.
The homebuilder said Monday that demand is picking up somewhat, driven by […]

Autoworkers, GM make progress on new contract

It looks like the United Auto Workers union and General Motors Co. are nearing an agreement on a new contract.
UAW Vice President Joe Ashton, the […]

New cracks form in Egypt’s Muslim Brotherhood

Several members of Egypt’s Muslim Brotherhood, including a prominent senior figure, broke off to form a new political party Sunday, exposing further cracks in the […]

German investor confidence dips

A new survey shows German investors have less confidence in their nation’s economy as fears over a Greek refinancing and depressed U.S. economy darken growth […]

House GOP lawmakers press Obama on borrowing

Republican lawmakers pressed President Barack Obama Wednesday for a detailed plan on spending cuts, with one leading House member accusing him of thinking about his […]

U.S. Treasury Declines to Name China a Currency Manipulator in Report - Bloomberg

The Obama administration declined to brand China a currency manipulator while saying the world’s fastest-growing economy is making “insufficient” progress on letting the yuan rise. […]